The Blogs that appear on this page may be sourced from outdated material so please seek appropriate professional advice. The blog material is in no way intended to be personal financial planning advice.

Catherines Chat

Wholistic Financial Solutions provides a lot of essential information and updates regarding the property investment industry. Check this page for the updates.

Positive signs for 2013 Property Market

Friday, December 28, 2012

Mortgage industry bigwig John Symond has tipped a gradual improvement in the housing market in 2013 and for interest rates to fall further.

“I am pretty confident the housing market throughout the country has bottomed out,” he says.

Symond believes there will be a “very gradual increase in [property] values across the board”, but not the 15% or 20% annual spike that occurred pre-GFC.

“I believe the property market will now head into a healthy state of growth with only gradual increases and that is on the back of low interest rates,” he says.

He is also starting to see a return of property investors to the market due them having the “greatest choice in the number of properties on the market in Australia’s history” combined with the low interest rates.

“I am confident we will see a healthy gradual improvement in housing across the country and I believe the regional centres will see that increase as well because overall Australia still has a shortage of housing,” he says.

Symond says he also expects interest rates to head lower in 2013.

Comments
Post has no comments.
Post a Comment




Captcha Image

Trackback Link
http://www.wfscanberra.com.au/BlogRetrieve.aspx?BlogID=6103&PostID=323771&A=Trackback
Trackbacks
Post has no trackbacks.

Discover How to Build A Property Portfolio The Right Way Right From The Start

Recent Posts


Tags


Archive